High-Deductible Health Plan
An HDHP is a health insurance plan with a higher annual deductible than a traditional health plan, typically paired with lower monthly premiums.
Enrollment in a qualifying HDHP is generally required to be eligible to contribute to a Health Savings Account (HSA) — it's the gateway requirement for the entire HSA strategy.
It's a health plan with a bigger deductible and usually a lower monthly bill — and it's the specific type of plan you need to actually qualify for an HSA.
The triple tax advantage, and how an HSA can work like a second retirement account.